Jason Krawitz
1st rent payment after moving in is late.
So rent was due yesterday. As of today, still no money in my bank account. I provided a stack of deposit slips when we signed the lease and outlined expectations on how rent will be paid via deposits into my account. ...
Bill Regan
Pay off Student Loan prior to Mortgage app?
Hi. I've got about $3,000 left to go on my student loan, with a payment of $156/month. I'm going to be applying for an FHA mortgage in July. Only other debt is a car loan of $200/month, credit over 750.Wondering if...
Falon Sexton
Pulling Equity out on a Construction to Perm
Building a duplex and applying for a construction loan. We own the land free and clear. We will be using the land as collateral for down payment on construction loan. The cost to build is about $180k and the land is v...
Leon Lee
About removing appraisal contingency
Dear BPersI have a question about removing appraisal contingency in bidding a property and would like to hear your suggestions on it:Recently I bid a hot property (according to Redfin). Although my offer does not have...
John H.
Corrupt REO Agents
I'm calling it now, in a few years, you'll see a 20/20 or dateline show about the post housing boom corrupt REO agents.
It looks like some banks are catching on though...as some require ALL offers to go through their...
Alec Jacobs
Should I buy windows myself or go through a company??
I am in the middle of renovating my first long term rental and I need new windows for the upstairs unit (it is a top bottom duplex). I got a quote from a window company and it was going to cost me around $11k to repla...
Doug R.
Yellow Letters
Do "Yellow Letters" have to be yellow paper with red ink hand written messages to the seller to ensure a call back?
Michael Baradell
Insight on obtaining Buy and Holds using private or hard money loans
Hey Guys,
I am curious on how purchasing a buy and hold property using private money or hard money loans is structured? First, what is a typical rate to offer the lender? Second, what should the terms be? I a...
Rose Stuart
When you can't run a credit/background check - foreign student
In my 8 years of landlording, I have relied heavily on background and credit checks. But now I have a vacancy and an applicant who is a foreign student at a local college. He does not have a social security number, bu...
Abby Vuong
Tenants and Guarantor Dilemna
Hi Everyone, I am in need of some major advice. I am starting out with my first rental in Maryland and decided to hire a real estate agent. My realtor has made a couple of errors with the listing and showing process...